Tuesday, January 2, 2007

January 2, 2007

Current listing inventory - 192 active listings in Owatonna. Inventory is slowly declining for the last five weeks and has been trending downward over the last nine weeks and is down from the high of 243 in October. Average days on the market in Owatonna is currently 133 days, this has been trending upward slightly but has held steady for two weeks. Interest rates remained stable last week and continue to be very favorable and are at 5.75% for a 30 year fixed on January 2th, 2007.

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